Laneway Resources starts new drilling programme in Hauraki...

Laneway Resources starts new drilling programme in Hauraki goldfield

Posted 1 December 2017 by Gold FM in Environmental and Business

Laneway Resources Ltd has started a new drilling programme on one of its licences in the Hauraki goldfield - EP 54216 (Owharoa).

The Drilling contract has again been awarded to Waihi based company Alton Drilling. Diamond drilling of the hole began on Wednesday and is expected to reach its target depth of 800m before Christmas.

Laneway said in an announcement on November 30, it is pleased to advise that exploration activities are progressing well on the New Zealand Gold Project since the dissolution of the farm-in agreement with Newcrest earlier in the year. Several significant high priority drill targets still exist within the permits and have been prioritised for permitting and drilling.

Another target within EP 54216 has been designed to test the inferred southern extension of the Maria Vein of Karangahake Mine. Land access negotiations are still in progress to allow drilling of this target.

Laneway recently indicated it was holding talks with other companies with a view to getting a new partner for its New Zealand quest.

http://www.goldfm.co.nz/general/laneway-resources-starts-new-drilling-programme-in-hauraki-goldfield